The proposed amendments would permit FCMs that are also securities broker dealers to engage in in-house transactions similar to repurchase agreements with third parties; allow investments in certain instruments with call features or caps, floors, or collars on the interest paid pursuant to the terms of an adjustable rate instrument; clarify the permissibility of certain types of adjustable rate instruments; reinforce safeguards in the area of auditability standards for investment records; and apply registration requirements for money market mutual funds.
CFTC Acting Chairman Sharon Brown-Hruska said: “Rule modernization for intermediaries, which was encouraged by the Commodity Futures Modernization Act of 2000, remains a high priority for the CFTC. I am pleased with the progress that has been made previously and to be moving forward with this current initiative.” The proposed rule amendments will be published in the Federal Register with a 30-day comment period. Copies may be obtained by contacting the Commission’s Office of the Secretariat, Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581, (202) 418-5100 or by accessing the Commission’s website, www.cftc.gov. Interested parties may submit their comments electronically at submissions@cftc.gov.
All comments received will be promptly posted on the Commission's website.